| Summary of Movement in Goodwill Balance |
The movement in goodwill balance is given below:
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|
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|
Year ended March 31, |
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|
|
|
2025 |
|
|
2026 |
|
Balance at the beginning of the year |
|
|
|
₹ |
316,002 |
|
|
₹ |
325,014 |
|
Acquisition through Business combinations (Refer to Note 7) (1) |
|
|
|
|
1,324 |
|
|
|
24,772 |
|
Translation adjustment |
|
|
|
|
7,688 |
|
|
|
37,613 |
|
Balance at the end of the year |
|
|
|
₹ |
325,014 |
|
|
₹ |
387,399 |
|
(1)Acquisition through business combinations for the year ended March 31, 2026 is after considering the impact of ₹ 7 towards measurement period changes in the purchase price allocation of acquisitions made during the year ended March 31, 2025.
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| Summary of Goodwill Has Been Re-Allocated to The CGUs Using a Relative Value Approach |
Goodwill recognized on business combinations is allocated to Cash Generating Units (“CGUs”), within the IT Services operating segment, which are expected to benefit from the synergies of the acquisitions.
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Year ended March 31, |
|
CGUs |
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2025 |
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2026 |
|
Americas 1 |
|
|
|
₹ |
108,111 |
|
|
₹ |
132,869 |
|
Americas 2 |
|
|
|
|
106,529 |
|
|
|
122,472 |
|
Europe |
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|
|
|
81,955 |
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|
|
96,381 |
|
Asia Pacific, Middle East and Africa |
|
|
|
|
28,419 |
|
|
|
35,677 |
|
|
|
|
|
₹ |
325,014 |
|
|
₹ |
387,399 |
|
|
| Summary of Movement in Intangible Assets |
The movement in intangible assets is given below:
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|
Intangible assets |
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|
Customer-related |
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Marketing-related |
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Total |
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Gross carrying value: |
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|
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|
|
|
|
As at April 1, 2024 |
|
₹ |
43,672 |
|
|
₹ |
11,972 |
|
|
₹ |
55,644 |
|
Acquisition through Business combinations (Refer to Note 7) |
|
1,896 |
|
|
|
- |
|
|
|
1,896 |
|
Deductions/adjustments |
|
|
(4,101 |
) |
|
|
(2,518 |
) |
|
|
(6,619 |
) |
Translation adjustment |
|
|
994 |
|
|
|
268 |
|
|
|
1,262 |
|
As at March 31, 2025 |
|
₹ |
42,461 |
|
|
₹ |
9,722 |
|
|
₹ |
52,183 |
|
Accumulated amortization/ impairment: |
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|
|
|
|
|
|
|
As at April 1, 2024 |
|
₹ |
18,281 |
|
|
₹ |
4,615 |
|
|
₹ |
22,896 |
|
Amortization and impairment (1) |
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|
6,327 |
|
|
|
1,582 |
|
|
|
7,909 |
|
Deductions/adjustments |
|
|
(4,101 |
) |
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|
(2,518 |
) |
|
|
(6,619 |
) |
Translation adjustment |
|
|
443 |
|
|
|
104 |
|
|
|
547 |
|
As at March 31, 2025 |
|
₹ |
20,950 |
|
|
₹ |
3,783 |
|
|
₹ |
24,733 |
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|
|
|
|
|
|
|
|
|
|
Net carrying value as at March 31, 2025 |
₹ |
21,511 |
|
|
₹ |
5,939 |
|
|
₹ |
27,450 |
|
|
|
|
|
|
|
|
|
|
|
Gross carrying value: |
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|
|
|
|
|
|
|
|
As at April 1, 2025 |
|
₹ |
42,461 |
|
|
₹ |
9,722 |
|
|
₹ |
52,183 |
|
Acquisition through business combinations (Refer to Note 7) |
|
|
5,644 |
|
|
|
1,109 |
|
|
|
6,753 |
|
Deductions/adjustments |
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|
(4,420 |
) |
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|
- |
|
|
|
(4,420 |
) |
Translation adjustment |
|
|
4,387 |
|
|
|
1,122 |
|
|
|
5,509 |
|
As at March 31, 2026 |
|
₹ |
48,072 |
|
|
₹ |
11,953 |
|
|
₹ |
60,025 |
|
Accumulated amortization/ impairment: |
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|
|
|
|
|
|
|
As at April 1, 2025 |
|
₹ |
20,950 |
|
|
₹ |
3,783 |
|
|
₹ |
24,733 |
|
Amortization and impairment (1) |
|
|
6,599 |
|
|
|
1,188 |
|
|
|
7,787 |
|
Deductions/adjustments |
|
|
(4,420 |
) |
|
|
- |
|
|
|
(4,420 |
) |
Translation adjustment |
|
|
2,252 |
|
|
|
497 |
|
|
|
2,749 |
|
As at March 31, 2026 |
|
₹ |
25,381 |
|
|
₹ |
5,468 |
|
|
₹ |
30,849 |
|
|
|
|
|
|
|
|
|
|
|
Net carrying value as at March 31, 2026 |
₹ |
22,691 |
|
|
₹ |
6,485 |
|
|
₹ |
29,176 |
|
(1)During the years ended March 31, 2025 and 2026, a decline in the revenue and earnings estimates led to a revision of recoverable value of customer-relationship intangible assets and marketing related intangible assets recognized on business combinations. Consequently, the Company has recognized impairment charge ₹ 1,155 and ₹ 851 for the years ended March 31, 2025 and 2026, respectively, as part of amortization and impairment.
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| Summary of Estimated Remaining Amortization Period for Intangible Assets Acquired on Acquisition |
As at March 31, 2026, the net carrying value and the estimated remaining amortization period for intangible assets acquired on acquisition are as follows:
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|
Acquisition |
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|
Net carrying value |
|
|
Estimated remaining amortization period |
Capco - customer-related intangible |
|
|
|
₹ |
14,013 |
|
|
4.08 years |
Capco - marketing-related intangible |
|
|
|
|
5,230 |
|
|
5.08 years |
DTS - customer-related intangible |
|
|
|
|
5,650 |
|
|
5.67 years |
DTS - marketing-related intangible |
|
|
|
|
1,045 |
|
|
2.67 years |
AVT |
|
|
|
|
1,602 |
|
|
0.21 - 4.72 years |
Vara Infotech Private Limited |
|
|
|
|
430 |
|
|
0.50 - 3.50 years |
Aggne |
|
|
|
|
392 |
|
|
0.87 - 1.87 years |
Rational Interaction, Inc. |
|
|
|
|
318 |
|
|
0.89 years |
Eximius Design, LLC |
|
|
|
|
371 |
|
|
1.40 years |
Convergence Acceleration Solutions, LLC |
|
|
|
|
125 |
|
|
2.03 years |
Total |
|
|
|
₹ |
29,176 |
|
|
|
|